Overview
Financial Performance
Business Operations & Assets
Business Details
Reason For Sale
Description
The business provides school transportation, staff transportation, shuttle services, private hire, airport transfers, event transportation and other passenger transport services.
The sale is being conducted on a discreet basis. The business name, exact operating address, customer identities and other identifying information will be disclosed only to qualified purchasers following appropriate confidentiality arrangements.
Indicative Asking Price: S$1,000,000
Sale Basis: Cash-free and debt-free
Real Estate: Excluded
Owner Handover: 1-3 months, negotiable
2. Business Overview
The business has more than a decade of operating experience in Singapore's chartered and private passenger transportation sector.
•School bus transportation
•Corporate and staff transportation
•Shuttle and night transport
•Private hire transportation
•Airport transfers
•Event transportation and tours
•Ad-hoc passenger transportation
The operating model combines direct operations with external transportation and service partners, allowing the business to provide flexible capacity for different customer and route requirements.
3. Reason for Sale
The owner is seeking a sale as part of a planned retirement and for personal reasons. A reasonable transition period will be available to support continuity of customer, supplier and operating relationships.
4. Market & Industry
The business operates within Singapore's private and chartered passenger transportation market, serving demand from schools, companies, industrial businesses, shift workers, events, airport transfers and private customers.
The fragmented nature of the sector may provide strategic opportunities for an existing operator to increase route density, fleet utilisation, customer coverage and administrative efficiency through acquisition.
5. Financial Summary
2023 Actual: Revenue S$927,841 | Pre-Tax Profit S$11,948
2024 Actual: Revenue S$1,245,905 | Pre-Tax Profit S$356,292
2025E: Revenue S$1,300,000 | Pre-Tax Profit S$360,000
*2024 represents aggregated results of the associated operating businesses before unidentified intercompany eliminations.
2025E is an indicative estimate for presentation purposes based on broadly stable operations and modest revenue growth. It is not represented as an actual, audited or guaranteed result.
Officer/director compensation is not separately identifiable from the available financial records and has not been added to reported earnings.
6. Assets Included in the Sale
• Business goodwill
• Customer relationships and transferable contracts
• Website and agreed digital assets
• Operating systems and records
• Supplier and transportation-partner relationships
• Agreed vehicles and transport equipment
• Office equipment and other agreed operating assets
Cash, bank balances, debt, financing, director/shareholder balances and real estate are excluded unless otherwise agreed.
A detailed asset and vehicle schedule will be made available during due diligence.
7. Premises / Lease
The business operates from leased commercial premises in Singapore.
Current Monthly Rent: S$1,900
Current Lease Expiry: 30 September 2027
Real Estate: Not included in the sale
The exact business address and tenancy documentation will be disclosed to qualified purchasers at the appropriate stage. Any transfer or continuation of the tenancy is subject to the lease terms and landlord approval where required.
8. Employees & Operations
The business is supported by management, administration, transportation personnel and external service partners.
• Owner / Management
• Operations & Administration
• Route / Transport Coordination
• Drivers / Bus Captains
• Bus Attendants
• External Transportation Partners
Detailed staffing, remuneration and employment information will be provided during due diligence.
9. Customers & Suppliers
The business serves a mix of school, corporate, industrial, private passenger, airport-transfer and event transportation requirements.
Customer names, individual contract details and customer-specific revenue information are intentionally withheld from this discreet memorandum. Qualified purchasers may receive customer concentration and contract information following execution of a confidentiality agreement.
The business also uses external transportation partners to provide additional capacity and operating flexibility.
10. Owner's Role & Handover
The owner remains involved in management, customer relationships and operational oversight. An agreed handover period of approximately 1-3 months may be provided.
• Customer and supplier introductions
• Transportation-partner introductions
• Employee and operational handover
• Route and scheduling familiarisation
• Administrative process transfer
• Reasonable post-completion support
11. Growth Opportunities
• Additional school transportation contracts
• Expansion of corporate staff transportation
• Improved fleet and route utilisation
• Growth in private hire and airport-transfer services
• Digital booking, scheduling and route optimisation
• Expansion of transportation partnerships
• Selective expansion of owned fleet
• Strategic consolidation with an existing transport operator
12. Key Considerations
• Driver availability
• Customer concentration
• Owner dependency
• Reliance on transportation partners
• Vehicle and operating costs
• Regulatory compliance
• Customer retention
• Sustainability of recent profitability
• Reconciliation of the associated operating businesses
These matters are expected to form part of normal purchaser due diligence.
13. Sale Terms
Indicative Asking Price: S$1,000,000
Transaction Basis: Cash-free / Debt-free
Real Estate: Excluded
Business Goodwill: Included
Customer Relationships: Included
Transferable Contracts: Included, subject to applicable terms
Agreed Operating Assets: Included
Working Capital: Subject to final agreement
Owner Handover: 1-3 months, negotiable
14. Opportunity at a Glance
Business Established Passenger Transportation Business
Location: Singapore
Established: 2010
Reason for Sale: Retirement and personal reasons
2023 Revenue S$927,841
2023 Pre-Tax Profit S$11,948
2024 Revenue S$1,245,905
2024 Pre-Tax Profit S$356,292
2025 Estimated Revenue S$1,300,000
2025 Estimated Pre-Tax Profit S$350,000
Indicative Asking Price S$1,000,000
Sale Basis Cash-Free / Debt-Free
Real Estate Excluded
Monthly Rent S$1,900
Lease Expiry 30 September 2027
Handover 1-3 months, negotiable
Broker Disclaimer
This confidential memorandum has been prepared from information supplied by the seller and available supporting records. The broker/adviser has not independently audited or verified all information.
The 2025 figures are estimates only and are not represented as actual, audited or guaranteed results. Prospective purchasers must conduct their own financial, legal, tax, regulatory and commercial due diligence.
No representation or warranty is made regarding future revenue, profitability, customer retention or business performance. No binding transaction exists until definitive transaction documents are executed.
Photo Disclaimer
Any photographs or images used in marketing materials are for illustration only and should not be relied upon to identify the business. Vehicles, equipment, personnel, premises or other assets appearing in photographs are not necessarily included in the sale. Only assets specifically identified in the final Sale and Purchase Agreement and agreed asset schedule will form part of the transaction.
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